Bryan Caplan, Professor of Economics at George Mason University, joins the podcast to talk about his latest book, the minimum wage, betting, and much more! Is nature or nurture more important? Why should a Keynesian be against the minimum wage? What is the trillion dollar tab waiting for us to pick up? Watch this whirlwind […]
Dear Mr. Taft: I eagerly read your piece Warriors for Opportunity on Wednesday, as I often do about pieces that argue that capitalism is not working today. You begin by saying: “Financial capitalism – free markets powered by a robust financial system – is the dominant economic model in the world today. Yet many who […]
Capitalism died when they decided to subsidize railroads for the sake of national prestige in the mid 19th century. Capitalism died when, to compensate for the consequences of subsidized railroads, they passed anti-trust laws in 1890, under which it is illegal to have lower prices, the same prices, and higher prices than one’s competitors. Capitalism […]
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